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206 N State St, Springfield, IL 62704

$205,000
•
  • —

    bed

  • —

    bath

Multi-family for sale 19 days
$10K price drop
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About 206 N State St

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
This 3 unit building would be a great addition to anyones investment portfolio! With two units currently leased to happy residents, the largest of the bunch is vacant and open for you to strategically place your own tenant. With total incoming rents reaching $2,400/mo between the three units, this income producing investment will surely treat you right. One 2 unit with a large open living room, one 1 unit also has good living space, and a studio unit wraps up the back. There is a detached garage that could also serve as a rental space...perfect for someone to use as a storage unit or equipment storage. This building sits a short 4 minute drive from the medical district, opening up great opportunity to attract traveling nurses! We are motivated to make a deal, so don't miss the chance to make this yours!
Listed by
Listing Office - The Real Estate Group, Inc.
Source: RMLS Alliance mls logo
MLS#CA1046545 • last updated 4 days ago
Movoto checked RMLS Alliance for data 19 minutes ago
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Overview
Heating Forced Air, Natural Gas, Gas Water Heater, Wall Unit(s)
Levels/Style Duplex Up/Down, Duplex
MLS # CA1046545
Status Active
SubType Residential Income
Property Tax 3532.3
Year Built 1900
Interior
Laundry None
Interior Features Cable Available
Exterior
Foundation Block, Brick/Mortar, Concrete Perimeter
Roof Shingle
Construction Aluminum Siding
Parking Detached, Alley Access
# of Parking Spaces 3
Lot Features Level
Amenities / Utilities
Water Source Public Sewer, Public
Location
Subdivision None
High School Springfield District #186
APN 14-28.0-379-012
Directions Heading East On W Washington From S MAcArthur, Turn North On State. Home Is On The East Side Of The Street.
Multifamily Details
Total # of Units 3
Net Operating Income -13605
Expense: Water/Sewer 1500
Expense: Operating 10073
Expense: Manager 2212
Expense: Trash 960
Expense: Electricity 1500
Lot/ Land Details
Road Surface Paved
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2/10
U S Grant Middle School
public Grades 6-8
Springfield School District 186
5/10
Springfield High School
public Grades 9-12
Springfield School District 186
Source: GreatSchools.org © 2026. All rights reserved.

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Dining
81/100
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  • Real Estate
  • IL
  • Sangamon County
  • Springfield
  • 62704
  • Historic West-Side
  • 206 N State St

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